Silk Road forums

Discussion => Philosophy, Economics and Justice => Topic started by: financeguy on January 07, 2013, 12:50 am

Title: Cash in - Cash out is not Money Laundering
Post by: financeguy on January 07, 2013, 12:50 am
Hi all,

I am new to this site and would just like to say hello and start contributing to the community.

Looking through the SR ads, I see there are people offering 'cash cleaning services' by you sending them money and they send you money back.
This is not going to 'Clean' your money. By cleaning your money it needs to be 'Legitimized.' through legal businesses.
Unfortunately that means having to pay taxes on your earnings.
On the good side you can claim your expenses and then some  :).

It takes a bit of time to set up and set-up costs can cost anywhere from $5K+, but after that your able to legitimately invest in your retirement.

Title: Re: Cash in - Cash out is not Money Laundering
Post by: kmfkewm on January 09, 2013, 10:56 pm
Before you can legitimize your money you need to disconnect it from illegal activity. IMO both steps are part of the money laundering process.
Title: Re: Cash in - Cash out is not Money Laundering
Post by: Limetless on January 09, 2013, 11:20 pm
Hi all,

I am new to this site and would just like to say hello and start contributing to the community.

Looking through the SR ads, I see there are people offering 'cash cleaning services' by you sending them money and they send you money back.
This is not going to 'Clean' your money. By cleaning your money it needs to be 'Legitimized.' through legal businesses.
Unfortunately that means having to pay taxes on your earnings.
On the good side you can claim your expenses and then some  :).

It takes a bit of time to set up and set-up costs can cost anywhere from $5K+, but after that your able to legitimately invest in your retirement.

Well dur....
Title: Re: Cash in - Cash out is not Money Laundering
Post by: danknugsdun on January 10, 2013, 12:42 am
Hi all,

I am new to this site and would just like to say hello and start contributing to the community.

Looking through the SR ads, I see there are people offering 'cash cleaning services' by you sending them money and they send you money back.
This is not going to 'Clean' your money. By cleaning your money it needs to be 'Legitimized.' through legal businesses.
Unfortunately that means having to pay taxes on your earnings.
On the good side you can claim your expenses and then some  :).

It takes a bit of time to set up and set-up costs can cost anywhere from $5K+, but after that your able to legitimately invest in your retirement.

You don't HAVE to pay taxes on your earnings. It all depends on how you move your money out.

How can you call yourself 'financeguy'?
Title: Re: Cash in - Cash out is not Money Laundering
Post by: Slicksuit on January 20, 2013, 03:05 pm
Hi all,

I am new to this site and would just like to say hello and start contributing to the community.

Looking through the SR ads, I see there are people offering 'cash cleaning services' by you sending them money and they send you money back.
This is not going to 'Clean' your money. By cleaning your money it needs to be 'Legitimized.' through legal businesses.
Unfortunately that means having to pay taxes on your earnings.
On the good side you can claim your expenses and then some  :).

It takes a bit of time to set up and set-up costs can cost anywhere from $5K+, but after that your able to legitimately invest in your retirement.


You don't need to pay taxes if you are not earning the 'earning threshold' - at least in the UK, you don't.

And it can often be done for free or very small investments, don't know where you are getting the $5K+ thing from.

Money laundering threads on open forums are never a good idea.